The first inflation data after the US election stabilized, and the Fed may cut interest rates again in December

According to the report by Gold Ten, the Wall Street Journal's assessment of the US CPI data pointed out that although the inflation data has stabilized, Federal Reserve policymakers still appear likely to cut rates by another 25 basis points at their final meeting of the year next month. This is primarily because, despite the ups and downs, inflation seems to still be on a downward trend. Furthermore, the data still shows a certain degree of "catch-up inflation." Federal Reserve officials also believe that the current short-term interest rate level is restrictive, which means that if further rate cuts are not made, the job market may cool down further than they expect, and even face the risk of economic recession. That said, the US Department of Labor will release the next consumer inflation report on December 11, a week before the Federal Reserve meeting. If the data is much more robust than the Federal Reserve officials hope, they may choose to temporarily pause further rate cuts. This would be even more the case if the November employment report, scheduled for release on December 6, shows a rebound in employment, thereby confirming that last month's slowdown was merely a reflection of hurricane and strike-related issues.